As big data increasingly makes its way into human resources departments, a diverse array of organizations are building new data-driven approaches to assist with hiring, retention and performance management. And much of the innovation in this area is coming as the result of a host of new ‘data-driven HR’ companies who are applying data analytics to recruitment and talent management.
These startups combining big data and HR tech are increasingly capturing the attention of corporations including LinkedIn, Workday and Cornerstone OnDemand – all of which have made acquisitions in this area in the past year. Most recently, LinkedIn acquired Careerify to boost its big data recruitment platform.
Last year, Workday acquired VantagePoint Capital Partners-backed predictive analytics human resources software firm Identified while Cornerstone OnDemand bought Lightspeed Venture Partners and GGV Capital-backed big data HR platform Evolv for $43M.
Using the Business Social Graph on CB Insights, we see HR big data analytics companies are an area of increasing acquisition activity.
Who might be a future target in the big data HR space? We looked within the CB Insights Venture Capital Database and compiled a list of 10 startups working at the intersection of data and various areas of recruiting and workforce management that may be worth watching.
||Cloud workforce analytics and planning solutions||$46.5M||Foundation Capital, Summit Partners|
||Data analytics, online staff scheduling and performance management for restaurants||$7.7M||Google Ventures, Atlas Venture, NextView Ventures, Canary Ventures|
||People analytics platform for the enterprise||$16.9M||Shasta Ventures, Alliance of Angels, Split Rock Partners|
||Data analysis for developer progress and people insights||$4.7M||Google Ventures, True Ventures, Radar Partners, Khosla Ventures|
||Tech recruiting solutions using data to find developers||$25.9M||Globespan Capital Partners, Baseline Ventures, Sapphire Ventures, Menlo Ventures, Correlation Ventures|
||Data mining, predictive modeling and best fit talent identification||$7.5M||SunBridge Capital Management|
||Employee engagement platform leveraging real-time people data||$15.5M||Norwest Venture Partners, Shasta Ventures|
||UK-based Linguistic analysis recruitment platform||$17.3M||Kibo Ventures, Qualitas Equity Partners, FJME Ventures|
||Platform using algorithms and data to help businesses search for job candidates||$8.4M||Battery Ventures, Menlo Ventures|
||Service utilizing physical big data to improve brick and mortar workforces||$5M||Menlo Ventures, Google Ventures, Foundation Capital, Andreessen Horowitz,|
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